Broadridge Finl Solutions Inc Stock Price, News & Analysis

Broadridge Financial Solutions (NYSE: BR) has extended its multi-year partnership with IG Wealth Management, part of IGM Financial, to enhance advisor productivity and client experiences through Broadridge's R.Broker solution. This extension follows a successful five-year collaboration, allowing IG to leverage Broadridge's comprehensive digital wealth platform, which offers streamlined operations and timely market access. The flexible, scalable solution aims to further IG's digital transformation, improving its investment solutions and customer service. Broadridge, with over $5 billion in revenue, underpins significant global trading activities, linking investors worldwide.

LiquidX, a global fintech leader, has unveiled its new business process outsourcing service, InBlock TradeOps, in collaboration with Broadridge Financial Solutions (NYSE: BR). This service offers a comprehensive solution for trade finance, aimed at streamlining middle and back-office operations. It promises to cut operational costs by 30-50% over the next decade, according to Broadridge's COO. The service utilizes advanced digitization tools, allowing investors to make smarter investment decisions while reducing operational challenges in the multi-trillion dollar credit asset class.

Broadridge Financial Solutions (NYSE: BR) announced a partnership with Glue42 to enhance user experience by providing an integrated trading interface. This collaboration enables a seamless workspace for banks and broker-dealers, allowing traders to access multiple Broadridge solutions through a single login. The integration, which is currently available in the UK, will soon launch in the EU and the US, aiming to improve the trading workflow and efficiency. Broadridge, with over $5 billion in revenues, continues to support major financial institutions globally.

The fourth annual financial advisor marketing survey by Broadridge Financial Solutions (NYSE: BR) reveals that while 63% of advisors are seeking new clients, only 43% see an increase in inbound requests. Market volatility and regulatory pressures challenge IBDs and RIAs. Advisors are increasing marketing spending, averaging $17,433 in 2022, but the percentage of revenue allocated to marketing has decreased to 3.1%. Only 28% have a defined marketing strategy. Those with one see better outcomes, onboarding 2x more clients. Social media lead conversion is up to 41% among those with strategies.

Broadridge Financial Solutions (NYSE: BR) and Strate have collaborated to enhance proxy voting efficiency in South Africa. This integration of digital vote processing solutions aims to increase shareholder engagement for both institutional and retail investors. The service provides operational efficiency throughout the proxy voting lifecycle, ensuring compliance with South African Companies Act. It allows timely notifications and a significantly extended voting window. This initiative is part of Broadridge's broader expansion of its Direct Market Solutions, which aims for enhanced voting transparency across global markets.

Broadridge Financial Solutions (NYSE: BR) has been named a Leader in the Everest Group's inaugural Wealth Management Products PEAK Matrix Assessment 2023. This recognition is based on criteria such as Market Impact and Vision and Capability, where Broadridge excelled in Vision and Strategy, Engagement and Commercial Model, and Support. The company is noted for its comprehensive wealth value chain coverage, strong partner ecosystem, and commitment to innovation through AI and API integrations. Broadridge serves the top 20 North American wealth providers, focusing on enhancing client experiences and adapting to market demands.

Broadridge Financial Solutions (NYSE: BR) has partnered with IntraFi to enhance securities-based lending services for banks and wealth management firms. This collaboration allows IntraFi's 3,000 network members to access Broadridge's advanced SBL technology, aiming to serve previously underserved market segments. Broadridge's Wealth Lending Network will enable streamlined lending and improved liquidity options. With over $5 billion in revenues, Broadridge continues to innovate in financial technology, focusing on meeting the evolving needs of lenders and advisors.